AGH 3.85 0.00 Vol 0 AGL 16 0.00 Vol 0 BAS 2 0.00 Vol 0 BFM 17.1 0.00 Vol 0 BG23B 98.0002 0.00 Vol 0 BPH 6.5 0.00 Vol 0 DEVON 5.5 0.00 Vol 0 LOM 2.5 0.00 Vol 0 NTB 47.5 0.00 Vol 10400 ONE 2.95 0.00 Vol 0 POLAR 5 0.00 Vol 0 SOM 16.95 0.00 Vol 0 WHHL 4.1 0.00 Vol 0 WWW 25 0.00 Vol 0
Market Closed:

SRT Marine Systems PLC - Terms of Loan Note Refinancing

Hamilton, Bermuda—14 June 2018: SRT Marine Systems PLC, announced on Friday 08 June 2018 Terms of Loan Note Refinancing.The full filing stated:

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

 

Terms of Loan Note Refinancing

 

Further to the Company's announcement on 30th May 2018, SRT can confirm that the terms of the new three year loan notes of £1.15 million that replace the short term loan notes of the same value are as follows:

 

The loan notes may be repaid at any time within their three year term for a 0.5% early redemption fee and an annualised coupon of 8% payable quarterly on the outstanding amounts.

 

The loan note refinancing was arranged by LGB Corporate Finance. 

 

 

 

Contacts:

 

 

 

SRT Marine Systems plc

www.srt-marine.com

+ 44 (0) 1761 409500

 

 

Simon Tucker (CEO)

simon.tucker@srt-marine.com

 

Louise Coates (Marketing Manager)

louise.coates@srt-marine.com

 

 

finnCap Ltd

 

 

Jonny Franklin-Adams / Simon Hicks (Corporate Finance)

+44 (0) 20 7220 0500

 

Tim Redfern / Richard Chambers (Equity Capital Markets)

 

 

   
       

 

About SRT Marine Systems plc:

SRT develops, manufactures and supplies maritime surveillance and vessel tracking technologies, products and systems. The Company's products and solutions are used by individual vessel owners, port authorities, maritime infrastructure owners, coast guards, fishery agencies and other national security agencies to enhance their maritime domain awareness, monitoring and management capabilities. Applications include the tracking of commercial and leisure vessels; sustainable fishery; anti-collision; search and rescue; waterway management, port and coast security; pollution management; and environmental management.

 

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

Disclaimer

 

The information contained in these pages has been obtained from sources which The Bermuda Stock Exchange believes are reliable. However, the accuracy of the information cannot and is not guaranteed and The Bermuda Stock Exchange makes no representation as to its accuracy or completeness. Neither this Web site, nor any information contained herein, constitutes advice or a solicitation to subscribe, purchase or sell any securities. The Bermuda Stock Exchange expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this site or any external sites referenced from this website.